In recent years one of the most important reasons for foreign real estate investors of buying a property in Turkey is to obtain Turkish citizenship.
Previously, it was necessary to invest USD 1.000.000 in real estate to obtain Turkish citizenship. With the new regulation of the Turkish Government, it is possible to apply for Turkish citizenship with USD 250.000 worth of property investment.
One of the previous applications was "reciprocity principle".
Prior to May 2012, in order for a foreigner to buy real estate from our country, a Turkish citizen had to be allowed to buy real estate from that country.
However, with the new regulation made in the Land Registry Law No. 2644, the condition of reciprocity was removed. According to this; foreign nationals determined by Presidential can buy real estate in Turkey (provided that they comply with legal restrictions and conditions) without seeking reciprocity.
Thanks to the new arrangements made by the Turkish Government, it has made it easier for foreign citizens to participate in the Turkish citizenship program by investing in capital or real estate.
What is the Number of Those Who Obtain Turkish Citizenship by Investment?
According to the Republic of Turkey Ministry of Interior General Directorate of Population and Citizenship Affairs statistics; between 19 September 2018 - 19 September 2019, 2,611 foreign investors became Turkish citizens.
The number of foreigners who acquire Turkish citizenship with their family members is 9,962.
Following the amendment made in September 2018 on obtaining Turkish citizenship, the housing investment of foreigners increased significantly.
As of January 2020, housing sales to foreigners in Istanbul increased by 46% compared to the previous year and broke a record. 15% increase in foreign sales in 2019 was seen across Turkey.
The top 10 countries who obtained Turkish citizenship by investing in Turkey; respectively Iraq, Afghanistan, Palestine, Egypt, Libya, Lebanon, the Federation of Saint Kitts and Nevis, Saudi Arabia, Azerbaijan, Pakistan .....
Sudan, Russia, Algeria and the USA were recorded as other countries that followed 10 countries.
The citizens of other countries who acquire Turkish citizenship by investment can be listed as follows;
Germany, Venezuela, Dominican Republic, France, Syria, Belize, Belarus, Poland, Antigua and Barbuda, Australia, United Arab Emirates, Grenada, South Africa, India, Canada, Union of Comoros and Ukraine.